What is BI?

BI is an acronym for the term 'Business Intelligence' and can be defined as a strategic or technological tool used by organizations. The objective of using BI is to analyze data related to business information through studying the events of business operation. BI is concerned with reporting, analyzing, data mining, processing events, and more. BI aids in creating or finding newer opportunities for any business through data. The data, when interpreted through BI helps determine fresh approaches for a business strategy as well as its swift application. The data used for the purpose is acquired through data warehouses or data marts.